Another acquisition for Yelp that will take the local listings company even deeper into commerce and food-related services.
Another acquisition for Yelp that will take the local listings company even deeper into commerce and food-related services. It’s gobbling up Eat24, a U.S. food delivery business that competes with GrubHub, Delivery.com and others in the area of delivering food on behalf of various restaurants. Yelp is paying $134 million for Eat24, with $75 million in cash and the rest in Yelp shares, for the company.
The thinking is that this acquisition should help Yelp in two areas. First of all, it will give the company more contact points with restaurants. And second of all, it will help the company shore up its core listings business with another revenue stream.
In the first of these, Yelp already provides users with local listings for restaurants that they might want to visit. It also gives them the option of booking tables at those restaurants (by way of a 2013 acquisition of SeatMe), and…
View original post 484 more words